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Goldman 4Q profit, revenue top Wall Street expectations

SeattlePI.com Wednesday, 16 January 2019
NEW YORK (AP) — Goldman Sachs Group says fourth-quarter net income totaled $2.54 billion, after reporting a loss in the same period a year earlier. The company said Wednesday it had earnings of $6.04 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.88 per share. The New York investment bank posted revenue of $8.08 billion in the period. Its revenue net of interest expense was $8.08 billion, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $7.59 billion. Goldman shares have climbed nearly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 4 percent.
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News video: Goldman Sachs And BoA Earnings Boost Wall Street

▶ Goldman Sachs And BoA Earnings Boost Wall Street 00:39

According to Reuters, Bank of America and Goldman Sachs gave a boost to the markets on Wall Street. After posting positive earnings reports, Goldman Sachs shares surged over 8-percent, while Bank of America shares spiked over 7-percent. Those gains boosted the financial and banking sectors on the S&P...

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